Brigham Buhler: UnitedHealthcare CEO Assassination, & the Mass Monetization of Chronic Illness
Key Takeaways
- “The corporate capture of our institutions is the real cause of the chronic disease crisis that we’re facing.” – Brigham Butler
- Roughly 30% of the cost of every prescription drug is because of the kickback that goes to a PBM; the drugmaker pays the Pharmacy Benefit Manager (PBM) the kickback in order to be placed on the preferred contract with the insurance company
- The drugs that get put on formulary do not have to do with efficacy or what is best for the patient; instead, it is about which drugs have the biggest kickbacks for PBMs
- America’s healthcare system in a trainwreck: The US makes up for ~60% of the pharma industry, but is ranked 40th overall in healthcare outcomes
- Surgical procedures are loss-leaders; the industry would rather have you on prescription drugs, because then the PBMs get kickbacks
- Show me the incentives and I’ll show you the outcomes: Since there is so much money being made off “treating” chronic disease, there is no incentive to cure chronic disease
- The three pillars of the chronic disease crisis: (1) Big Pharma (2) The food industry and (3) The insurance industry
- They do not want to treat preventative: Health insurance companies are incentivized to keep people from discovering if they have a catastrophic illness; this is why they do not allow you to easily get comprehensive blood work
- The quarterly-profit cycle that publicly-traded insurance companies operate on incentivizes them to delay or deny expenditures, such as paying for a patient’s surgery, as much as possible
- Focusing on preventing metabolic disease will indirectly cure all of the chronic diseases that are killing so many Americans
- Getting rid of the PBMs will remove a huge profit center for the insurance companies; this takes away the incentive to get and keep patients on prescription drugs
- “This is not a Republican issue. This is not a Democrat issue. This is a humanity issue.” – Brigham Buhler on the chronic disease crisis
Read the full notes @ podcastnotes.org
An unhealthy, over-medicated country means record profits for insurance companies. Brigham Buhler explains how they work to keep us sick and monetize chronic illness.
(00:00) The Assassination of the UnitedHealthcare CEO
(13:32) The Opioid Crisis Could Have Been Prevented
(30:28) Monetizing Your Chronic Illness
(35:00) How Health Insurance Companies Are Scamming You
(54:18) How They Profit Off of Cancer
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